The inside story behind Banksy’s true identity
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What are the latest developments in U.S.-Iranian oil sanctions?
Good morning. Trump and Netanyahu pledge an end to strikes on energy infrastructure. The Washington Post explains the drastic measures being explored to calm a spiraling crisis.
Oil prices are going up higher and higher, and this is becoming a real problem for the economy, and it's a political problem.
The LA Times explains how California is reckoning with a shocking investigation into the late civil rights icon Cesar Chavez. And who is Banksy? Reuters claims to know and tells us how they found out.
It was that beginning curiosity and a tantalizing clue we got at that moment that started us down this path.
It's Friday, March 20th. I'm Cecilia Ley, and this is Apple News Today. After the biggest day of strikes on energy assets since the war began, President Trump spent yesterday trying to reassure markets that the tit-for-tat would not escalate further. Israeli Prime Minister Benjamin Netanyahu said he would halt further attacks on a major Iranian gas field at Trump's request. In a press conference yesterday, he claimed Iran's ability to enrich uranium had been destroyed. Following Trump's complaint over recent Israeli strikes, he presented a united front with an optimistic prediction for the conflict.
I also see this war ending a lot faster than people think. I think in war you have to grit your teeth. And I hope that in time, people will see the wisdom and the courage of President Trump's decision and his leadership and the fact that we're working together.
Stocks and oil prices have been seesawing after mixed signals over the past couple of days. But the pledge of restraint likely reflected recognition that provoking Iran further risked serious disruption of global energy supplies. Concerns appeared high enough that Treasury Secretary Scott Besant revealed the administration was considering a major change in policy.
In the coming days, we may unsanction the Iranian oil that's on the water. It's about 140 million barrels.
How is California reacting to the allegations against Cesar Chavez?
So depending on how you count it, that's 10 days to two weeks of supply that the Iranians had been pushing out. That would have all gone to China. In essence, we will be using the Iranian barrels against the Iranians to keep the price down for the next 10 or 14 days as we continue this campaign.
If that happened, the Treasury would follow a similar move to temporarily lift sanctioned Russian oil that was already in tankers. Evan Halper is a business reporter with The Washington Post who explained the administration's reasoning.
So one of the things they're trying to do is find every tool they have, and they don't have that many, to bring more oil into the marketplace. And they've done everything they can up to now, and it's not really bringing the price of oil down.
But Halper notes that this strategy is not without risk.
Who is Banksy and what is the mystery surrounding his identity?
What Iran is trying to do here is create all kinds of economic chaos. And so if that's a big part of their war strategy and they're able to ease some of that economic chaos, even if it means money going into Iran, maybe it's worth it. But on the flip side, you have a lot of lawmakers, you've got analysts, you've got people in Europe who are questioning, why are we allowing the flow of this oil, the money that comes from the flow of this oil, to go back to these regimes?
European leaders expressed concerns about the cost of energy at a summit yesterday. They are more vulnerable than the U.S. to higher energy costs and asked for a moratorium on strikes aimed at energy facilities.
The reality is that this war keeps escalating, and it's gone from just the Strait being closed and being a problem to now we're seeing all kinds of attacks from Iran on infrastructure in Gulf states, energy infrastructure. And they're basically going after the plumbing of the energy supply. And if that starts to go down, it can take a very long time to repair some of these facilities. And you're talking about price shocks that are not going to be just temporary.
At the White House, Trump repeated that these current conditions wouldn't last forever.
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Chapters
7 chapters
1
What are the latest developments in U.S.-Iranian oil sanctions?
0:04–2:08
2
How is California reacting to the allegations against Cesar Chavez?
2:08–2:59
3
Who is Banksy and what is the mystery surrounding his identity?
2:59–4:09
4
What investigative methods were used to uncover Banksy's identity?
4:09–6:16
5
What ethical questions arise from revealing Banksy's true identity?
6:16–7:12
6
How has Banksy's anonymity influenced the art world?
7:12–8:30
7
What are the implications of Banksy's identity on his art and sales?
8:30–16:35
Speakers
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